Verizon WIRELESS RECEIVES FCC APPROVAL TO PURCHASE ADDITIONAL SPECTRUM FROM CABLE COMPANIES
Company Committed to Using Spectrum for Continued Rollout of 4G LTE and High-Speed Data Services to Customers
BASKING RIDGE, N.J. – Verizon Wireless currently announced that with a new Federal Communications Commission (FCC) approval, a association will pierce brazen with skeleton to acquire Advanced Wireless Services (AWS) spectrum licenses from SpectrumCo, a corner try between Comcast, Time Warner Cable and Bright House Networks, and from Cox Communications, as good as to finish exchange with Leap Wireless, Savary Island Wireless and T-Mobile. Verizon Wireless will use a spectrum it is appropriation in these exchange in and with a 700 MHz top C rope spectrum to muster additional LTE capacity.
“This squeeze represents a miracle in a attention and we conclude a FCC‘s committed work to examination and approve a transaction,” pronounced Dan Mead, boss and arch executive officer of Verizon Wireless. “We will work aggressively to safeguard that we put this formerly new spectrum to use fast to advantage customers.”
The capitulation of these exchange also means Verizon Wireless can pierce brazen with a formerly announced devise to sell a 700 MHz reduce A and B retard spectrum licenses. Mead added, “We design a really strong sales routine as some-more than 65 parties have requested and perceived information about a spectrum we are selling. Selling a A and B licenses will concede this spectrum to be used to a advantage of other carriers and their customers.”
Verizon Wireless’ 4G LTE network is accessible currently in over 370 markets covering scarcely 75 percent of a U.S. population. The higher-speed network is vicious as a association works to accommodate a augmenting needs of business who are regulating smartphones, tablets and more, to conduct their lives and run their businesses. The FCC estimates that a attention direct for mobile information by 2015 will be 25 to 50 times larger than it was in 2010 as business pierce toward some-more data-intensive inclination that concede them to video chat, tide live video, download cinema or vast work files and more, on smartphones and tablets.
Verizon Wireless stays committed to assisting America lead a universe in broadband infrastructure that will eventually give consumers some-more choice, preference and innovation.
Alliance for Broadband Competition Statement on FCC Verizon-SpectrumCo Order
The Alliance for Broadband Competition expelled a next matter following a FCC’s sequence per a Verizon-SpectrumCo Agreements:
“Our fondness of rival carriers, trade associations, open seductiveness groups, and other entities continue to have low concerns about a destiny of a rival communications landscape. While a FCC’s Order does not go distant adequate to safeguard a rival landscape, we are gratified that a Order addresses some of a concerns that we have lifted with a Commission over a past several months. We demeanour brazen to destiny conversations with a Commission to residence a remaining concerns.
“Continued review and monitoring correspondence with a due remedies are a start– though these actions are only a commencement of a required longer bid by a Alliance to continue to teach Washington and consumers about a rival harms that face a American communications attention and a impacts of continued consolidation. It stays vicious that a FCC and other sovereign regulators strengthen a rival goals of a Communications Act and forestall a stability impetus towards a communications duopoly.”
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